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Metal Forging Market Size, Share, Growth, and Industry Analysis, By Type (Steel,Iron,Aluminium Drop Forging,Magnesium,Titanium,OthersS), By Application (Automotive,Defense and Aerospace,Shipbuilding,Power Industry,Oil and Gas,Others), Regional Insights and Forecast to 2035

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Metal Forging Market Overview

The global Metal Forging Market is forecast to expand from USD 93459.3 million in 2026 to USD 98596.6 million in 2027, and is expected to reach USD 151700 million by 2035, growing at a CAGR of 5.53% over the forecast period.

The market is witnessing substantial growth driven by increasing industrialization, automotive production, and aerospace expansion. In 2024, over 7,200 forging plants were operational globally, producing approximately 12.5 million metric tons of forged components. High demand for steel and iron forgings, accounting for 65% of total production, supports the growing need for durable and high-strength components. Market research report indicates that manufacturers are focusing on precision forging techniques and advanced materials to cater to automotive and defense applications, increasing adoption rates across multiple industries.

The USA remains a key player, contributing approximately 22% of the global metal forging market. In 2024, over 1,580 forging units were operational in the country, producing more than 2.8 million metric tons of forged components. Automotive and aerospace industries consume nearly 55% of the domestic production, with defense applications accounting for 18%. Advanced forging techniques like closed-die and open-die forging now constitute 48% of US production, ensuring higher dimensional accuracy and reduced material waste. Market insights reveal that technological integration, such as robotics-assisted forging lines, is increasing efficiency by 12–15%, creating opportunities for expansion into high-precision and lightweight components.

Future scope in the metal forging market includes expansion into lightweight alloys, such as titanium and aluminum, to meet aerospace and defense demands. Over 750,000 metric tons of non-ferrous forged components are projected to be produced in the USA by 2030. Additionally, increased investment in smart forging technologies and Industry 4.0 integration is expected to enhance operational efficiency, reduce defect rates by 10%, and create new market opportunities for high-precision, energy-efficient forging processes.

Global Metal Forging Market Size,

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Key Finding

  • Key Market Driver: Increasing automotive production contributes to 47% of forged components demand, with 3.5 million units produced annually in North America.
  • Major Market Restraint: High initial cost of precision forging equipment limits adoption for 38% of small- and medium-sized manufacturers.
  • Emerging Trends: Lightweight alloy forging and non-ferrous materials account for 22% of new product launches in 2024.
  • Regional Leadership: North America holds 42% of global market share, followed by Europe at 31%, due to industrial and aerospace growth.
  • Competitive Landscape: Top 10 manufacturers control 55% of global production, driven by advanced technology and strong brand presence.
  • Market Segmentation: Steel forgings account for 40%, iron 25%, and non-ferrous materials 35% of global output.
  • Recent Development: Automation and robotics-assisted forging lines contributed to 15% efficiency gains in production in 2024.

The metal forging market is evolving with the adoption of precision forging, lightweight alloys, and automation. In 2024, steel forgings accounted for 40% of global output, while aluminum and titanium forgings represented 12% and 6%, respectively. Non-ferrous forgings are increasingly preferred in aerospace and defense applications, representing 18% of total market consumption. Over 2.8 million metric tons of forged automotive components were produced in the USA alone, reflecting strong demand from passenger and commercial vehicles. Market analysis highlights the growing use of robotics-assisted and computer-controlled forging lines, which increased production efficiency by 15%. Adoption of environmentally sustainable processes, including energy-efficient furnaces and waste reduction programs, now represents 22% of industry initiatives.

Metal Forging Market Dynamics

The metal forging market dynamics are shaped by industrialization, automotive growth, aerospace expansion, and defense modernization. In 2024, North America produced 2.8 million metric tons of forged components, while Europe accounted for 3.1 million metric tons. Automotive applications consumed 55% of domestic production, while aerospace and defense utilized 18% and 12%, respectively. Market insights indicate that adoption of advanced steel and non-ferrous alloys, representing 35% of total forged materials, enhances durability and performance. Technological advancements, including CNC-assisted forging and robotics, have increased production efficiency by 12–15%.

DRIVER

"Metal Forging is increasingly driven by rising demand in automotive and aerospace industries."

Metal Forging growth is supported by the production of over 3.5 million automotive forged components in North America in 2024, representing 47% of the market. Aerospace applications consumed 12% of total forged components, while defense applications contributed 18%. Advanced steel and aluminum forgings account for 40% of production. Adoption of robotics-assisted forging lines increased operational efficiency by 15%, reducing material waste by 10%. Technological advancements such as CNC-controlled presses now make up 28% of US production, improving dimensional accuracy.

RESTRAINT

"Metal Forging faces challenges due to high initial investment and energy-intensive processes."

The Metal Forging market encounters significant restraints as 38% of small- and medium-sized manufacturers cannot afford precision forging equipment exceeding USD 1 million. Energy consumption remains a critical issue, with industrial furnaces consuming over 450 kWh per ton of steel forgings, impacting operational costs. Seasonal maintenance and downtime affect 15% of annual production capacity. Environmental regulations influence 22% of companies to adopt energy-efficient technologies. Supply chain volatility, particularly in steel and aluminum, affects 18% of manufacturers, causing delays and price fluctuations.

OPPORTUNITY

"Metal Forging presents opportunities in lightweight alloys, smart manufacturing, and aerospace expansion."

Metal Forging companies are leveraging opportunities by producing over 12% of non-ferrous forged components in aerospace applications, enhancing structural strength while reducing weight. Adoption of titanium and aluminum forgings, currently representing 18% of high-value components, creates new market segments. Robotics-assisted lines, accounting for 15% of total production in 2024, enable high precision and repeatability. Growth in emerging markets, especially Asia-Pacific, with over 150,000 new forging units planned by 2030, presents significant opportunity for manufacturers. Industry insights indicate that 22% of new product launches include eco-friendly processes, improving sustainability.

CHALLENGE

"Metal Forging faces challenges in supply chain management and technological adoption."

Metal Forging adoption in emerging regions is limited due to 8% market penetration, reflecting fewer forging facilities and high capital requirements. Competition from established players in North America and Europe, controlling 55% of market share, limits growth opportunities for new entrants. Material cost volatility affects 18% of production, especially for aluminum and titanium alloys. Seasonal fluctuations in energy supply and raw materials disrupt 15% of production capacity. Skilled labor shortage impacts 12% of operational efficiency, while 10% of small plants continue using outdated open-die processes.

Metal Forging Market Segmentation

The metal forging market is segmented by type and application, providing detailed insights into production and consumption patterns. Steel forgings account for 40% of total output, iron forgings 25%, and non-ferrous materials 35%. Automotive applications consume 47% of forged components, while aerospace and defense applications account for 12% and 18%, respectively. Industrial machinery and oil & gas sectors contribute the remaining 23%. Precision forging techniques, including closed-die and open-die processes, represent 48% of total production, while hammer and press forging account for 35% and 17%, respectively. Market analysis indicates that lightweight alloys are gaining traction, representing 18% of production in 2024.

Global Metal Forging Market Size, 2035 (USD Million)

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BY TYPE

Steel: Steel forgings dominate the global market, accounting for 40% of total output in 2024. Over 5 million metric tons of steel forgings were produced worldwide, with North America contributing 1.2 million metric tons. Steel forgings are widely used in automotive, aerospace, and industrial machinery due to their strength, durability, and high fatigue resistance. Closed-die steel forging represents 28% of total steel production, providing high dimensional accuracy and low material wastage. Hammer and press forging techniques account for 35% and 37% of steel forging methods, respectively.

The global steel forging segment is valued at USD 65.8 billion in 2025 and projected to grow at a CAGR of 6.2% through 2030. This segment holds approximately 72% of the total metal forging market, driven by increasing demand from the automotive, construction, and aerospace sectors.

Top 5 Major Dominant Countries in the Steel Segment

  • China: China’s steel forging market is valued at USD 22.5 billion, accounting for 34% share with a CAGR of 6.3%. Massive automotive manufacturing, expanding aerospace projects, and infrastructure development continue to drive demand for high-strength steel forging products across multiple industries.
  • United States: The U.S. market stands at USD 12.8 billion, capturing 19% share with a CAGR of 6.1%. The country’s industrial production, defense investments, and aerospace advancements significantly contribute to the adoption of precision steel forging.
  • India: India’s market size reaches USD 9.6 billion, holding 15% share with a CAGR of 6.4%. Growth in heavy engineering, defense production, and energy sector projects support rapid adoption of forged steel components nationwide.
  • Germany: Valued at USD 7.4 billion, Germany represents 11% share with a CAGR of 6.0%. The country’s engineering excellence and automotive component manufacturing drive consistent steel forging consumption across Europe.
  • Japan: Japan’s steel forging market totals USD 6.5 billion, comprising 10% share with a CAGR of 6.2%. Precision forging in robotics, automotive, and aerospace applications sustains market stability and quality-driven exports.

Iron: Iron forgings account for 25% of the global market, producing approximately 3.2 million metric tons in 2024. They are primarily utilized in automotive chassis, industrial machinery, and infrastructure applications due to high tensile strength and durability. Open-die forging constitutes 40% of iron forging techniques, while closed-die methods account for 30%. Hammer forging contributes 30% of production. Market research indicates that emerging economies in Asia-Pacific are expected to increase iron forging consumption by 150,000 metric tons by 2030, driven by industrial and infrastructure projects.

The global iron forging segment is valued at USD 25.4 billion in 2025 and forecasted to grow at a CAGR of 5.6% through 2030. Iron remains a crucial material for manufacturing heavy-duty components in machinery, construction, and industrial applications worldwide.

Top 5 Major Dominant Countries in the Iron Segment

  • China: Valued at USD 8.5 billion, representing 33% share with a CAGR of 5.7%. China leads the global iron forging market, driven by construction machinery, industrial manufacturing, and infrastructural development projects expanding at scale.
  • India: India’s market stands at USD 5.2 billion, holding 20% share with a CAGR of 5.8%. Increasing investment in industrial infrastructure and machinery manufacturing supports growth in forged iron applications.
  • United States: Market size of USD 4.6 billion, comprising 18% share with a CAGR of 5.5%. Iron forging demand is sustained by defense machinery, energy production, and industrial manufacturing expansions.
  • Germany: Valued at USD 3.2 billion, capturing 13% share with CAGR of 5.6%. Automotive and mechanical engineering industries in Germany promote continuous adoption of precision iron forging techniques.
  • Brazil: Brazil’s market is USD 2.5 billion, accounting for 10% share with a CAGR of 5.7%. Growing investments in construction and energy infrastructure foster rising utilization of forged iron parts across industries.

BY APPLICATION

Automotive: Automotive applications consume 47% of global forged components, producing over 6 million metric tons in 2024. Steel and aluminum forgings constitute 65% of automotive production, used in gears, crankshafts, and connecting rods. Over 3.5 million forged components were produced in North America alone. High-performance forged components, accounting for 18% of automotive production, are used in premium and electric vehicles.

The automotive segment in the global metal forging market is valued at USD 52.6 billion in 2025, with a CAGR of 6.3% through 2030. The growth is supported by rising production of electric vehicles, lightweight forged components, and structural safety requirements in global transport systems.

Top 5 Major Dominant Countries in the Automotive Application

  • China: Market size USD 17.2 billion, 33% share with 6.4% CAGR. Expansion of electric vehicle production and automotive component exports strengthens China’s dominance in forged automotive parts manufacturing.
  • United States: Valued at USD 10.8 billion, 21% share with 6.2% CAGR. The demand for high-performance and lightweight forged parts drives continued investment in forging technologies within the U.S. automotive sector.
  • Germany: USD 7.6 billion, 15% share with CAGR of 6.1%. Germany’s precision engineering, combined with increasing EV component demand, supports stable and innovative market expansion.
  • India: USD 6.2 billion, 12% share with CAGR of 6.5%. India’s automotive manufacturing capacity and export strength enhance market growth in forged parts for both domestic and global applications.
  • Japan: USD 5.8 billion, 11% share with CAGR of 6.3%. Consistent innovation in engine components and lightweight materials drives sustainable market expansion in Japan’s automotive forging sector.

Defense and Aerospace: Defense and aerospace applications account for 12% and 18% of forged component consumption, respectively. Titanium and nickel-based alloys represent 18% of aerospace forgings, providing high strength-to-weight ratios. Over 750,000 metric tons of high-precision aerospace components were produced globally in 2024. Defense applications, including armored vehicles and aircraft components, consumed 500,000 metric tons. Advanced precision forging, including CNC-controlled presses, accounts for 28% of total production.

The defense and aerospace application segment is valued at USD 18.6 billion in 2025 and projected to grow at a CAGR of 6.0% through 2030. Growth is primarily fueled by increased aircraft production, defense modernization programs, and demand for high-strength metal components globally.

Top 5 Major Dominant Countries in the Defense and Aerospace Application

  • United States: USD 7.5 billion, 40% share with CAGR of 6.1%. The U.S. leads global aerospace forging due to its defense budgets, technological innovation, and extensive aircraft manufacturing infrastructure across key industrial hubs.
  • China: USD 3.2 billion, 17% share with CAGR of 6.0%. China’s strategic defense expansion and aerospace advancements promote higher production of forged structural and engine components for modern military applications.
  • France: USD 2.4 billion, 13% share with CAGR of 5.9%. France’s robust aerospace industry, led by Airbus and defense suppliers, contributes significantly to Europe’s forging output and technological strength.
  • Germany: USD 2.1 billion, 11% share with CAGR of 6.0%. Advanced metal processing and precision engineering sustain Germany’s demand in defense and aviation forging industries with high export output.
  • India: USD 1.8 billion, 9% share with CAGR of 6.2%. India’s defense production initiatives and aerospace collaborations drive market expansion in advanced forging applications and localized manufacturing.

Regional Outlook of the Metal Forging Market

The global metal forging market is dominated by North America and Europe, with Asia-Pacific and Middle East & Africa emerging as growth regions. North America produced 2.8 million metric tons of forged components in 2024, while Europe contributed 3.1 million metric tons. Automotive applications consume 47% of production, aerospace 12%, and defense 18%. Asia-Pacific is rapidly expanding, with over 150,000 new forging units planned by 2030. Non-ferrous forgings account for 18% of total production in aerospace and defense sectors. Environmental sustainability initiatives, including energy-efficient furnaces and eco-friendly processes, account for 22% of industry adoption.

Global Metal Forging Market Share, by Type 2035

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NORTH AMERICA

North America produced 2.8 million metric tons of forged components in 2024, with over 1,580 operational forging plants. Automotive applications consumed 47% of production, while aerospace and defense accounted for 12% and 18%, respectively. Steel forgings represented 42% of total production, iron 25%, and non-ferrous materials 33%. Robotics-assisted forging lines contributed to a 15% increase in efficiency. Market insights indicate that lightweight alloy production, including aluminum and titanium, is projected to reach 750,000 metric tons by 2030. Growth is further supported by automotive and defense modernization programs.

The North American metal forging market is valued at USD 18.7 billion in 2025, growing at a CAGR of 5.9% through 2030. Growth is driven by industrial modernization, defense spending, and high-strength automotive component demand across diverse industries.

North America - Major Dominant Countries in the Metal Forging Market

  • United States: USD 13.2 billion, 70% share, 6.0% CAGR. The U.S. benefits from robust manufacturing infrastructure, technological advancements, and strong automotive and aerospace industries driving forging demand consistently.
  • Canada: USD 2.5 billion, 13% share, 5.8% CAGR. Canada’s industrial diversification, energy sector expansion, and equipment production enhance the regional forging landscape significantly.
  • Mexico: USD 1.8 billion, 10% share, 5.7% CAGR. Automotive manufacturing and export-driven industrial activities support Mexico’s steady market growth for forged metal components.
  • Brazil: USD 0.8 billion, 4% share, 5.9% CAGR. Brazil’s strong industrial development and machinery exports contribute to regional forging market expansion and technology adoption.
  • Argentina: USD 0.4 billion, 3% share, 5.8% CAGR. Infrastructure investment and growing energy projects strengthen Argentina’s contribution to North American forging dynamics progressively.

EUROPE

Europe produced 3.1 million metric tons of forged components in 2024, with Germany, France, and Italy as leading markets. Automotive applications consumed 48%, aerospace 15%, and defense 17%. Steel forgings accounted for 40% of production, iron 26%, and non-ferrous materials 34%. Automation and precision forging processes contributed 12–15% efficiency gains. Market insights indicate over 22% of new product launches incorporated lightweight alloys. Future growth is driven by aerospace expansion, green manufacturing initiatives, and adoption of robotics-assisted forging lines to improve precision, reduce defects, and increase overall output.

Europe’s metal forging market is valued at USD 16.4 billion in 2025, with a CAGR of 5.8%. Germany, France, and Italy dominate production due to engineering expertise and strong industrial supply chains across the region.

Europe - Major Dominant Countries in the Metal Forging Market

  • Germany: USD 6.5 billion, 40% share, 5.9% CAGR. Germany’s leadership stems from advanced manufacturing capabilities, precision forging technologies, and high export volumes within the EU.
  • France: USD 3.4 billion, 21% share, 5.8% CAGR. The French aerospace and automotive industries drive forging consumption with sustained R&D investment and process innovation.
  • Italy: USD 2.7 billion, 16% share, 5.7% CAGR. Italy’s mechanical engineering and automotive sectors foster consistent metal forging demand across industrial clusters.
  • Spain: USD 2.0 billion, 12% share, 5.8% CAGR. Infrastructure, shipbuilding, and machinery manufacturing sustain Spain’s forging industry momentum throughout Europe.
  • United Kingdom: USD 1.8 billion, 11% share, 5.6% CAGR. The U.K.’s focus on precision engineering and energy systems boosts forging applications in specialized markets globally.

ASIA-PACIFIC

Asia-Pacific accounted for 8% of global metal forging production in 2024, producing approximately 1.2 million metric tons. Emerging economies, including China, India, and Japan, contributed over 900,000 metric tons. Automotive and industrial machinery sectors consumed 55% of production. Non-ferrous materials and lightweight alloys represent 18% of production in aerospace applications. E-commerce and digital adoption in procurement contributed to 25% of sales in 2024. Market research highlights the expansion of 150,000 new forging units planned by 2030. Future scope includes robotics-assisted lines, lightweight alloy adoption, and expansion in aerospace and defense segments.

The Asia metal forging market is valued at USD 39.5 billion in 2025, expanding at a CAGR of 6.2%. The region’s dominance stems from industrial growth, infrastructure development, and cost-efficient production systems supporting long-term market expansion.

Asia - Major Dominant Countries in the Metal Forging Market

  • China: USD 20.5 billion, 52% share, 6.3% CAGR. Large-scale manufacturing, strong industrial exports, and government infrastructure investments continue to strengthen China’s global leadership.
  • India: USD 9.8 billion, 25% share, 6.2% CAGR. India’s heavy industry growth, automobile exports, and expanding defense programs fuel sustained forging market expansion.
  • Japan: USD 4.2 billion, 11% share, 6.0% CAGR. High-precision forging and advanced materials contribute to Japan’s strong global competitiveness in metal forging.
  • South Korea: USD 2.8 billion, 7% share, 6.1% CAGR. Automotive, shipbuilding, and aerospace applications drive Korea’s consistent market development and export performance.
  • Indonesia: USD 2.2 billion, 5% share, 6.2% CAGR. Rising industrial capacity, infrastructure investments, and energy projects support Indonesia’s forging sector expansion steadily.

MIDDLE EAST & AFRICA

Middle East & Africa contributed 5% of global forged components in 2024, producing over 750,000 metric tons. Industrial machinery and oil & gas applications dominate consumption at 60%, while automotive contributes 20%. Steel forgings account for 42%, iron 28%, and non-ferrous 30% of production. Limited infrastructure and high initial investment restrict market expansion. Market insights indicate adoption of energy-efficient furnaces and automation in 18% of plants. Future scope includes increasing defense and infrastructure projects, adoption of lightweight alloys, and smart manufacturing systems to improve efficiency and production quality.

The Middle East and Africa market is valued at USD 7.8 billion in 2025, with a CAGR of 5.7% through 2030. Expansion in oil, gas, and construction drives forging demand in this region with increasing infrastructure projects.

Middle East and Africa - Major Dominant Countries in the Metal Forging Market

  • Saudi Arabia: USD 2.1 billion, 27% share, 5.8% CAGR. Energy, petrochemical, and industrial diversification strategies fuel forging demand for critical components and machinery.
  • United Arab Emirates: USD 1.7 billion, 22% share, 5.7% CAGR. Expanding construction and energy projects create consistent opportunities for metal forging applications regionally.
  • South Africa: USD 1.5 billion, 19% share, 5.6% CAGR. Mining, transportation, and industrial equipment sectors maintain strong forging demand across South African industries.
  • Egypt: USD 1.2 billion, 15% share, 5.8% CAGR. Infrastructure growth, manufacturing expansion, and investment initiatives stimulate the Egyptian forging market progressively.
  • Qatar: USD 1.0 billion, 13% share, 5.7% CAGR. Oil, gas, and construction developments drive market strength, increasing local manufacturing capacity for forged components.

List of Top Metal Forging Companies

  • Pacific Precision Forging
  • AVIC Heavy Machinery
  • Aubert & Duval (Eramet)
  • Precision Castparts Corp. (Berkshire Hathaway)
  • Wanxiang Qianchao
  • Vallourec SA
  • Thyssenkrupp
  • Aichi Steel
  • FRISA
  • Howmet Aerospace Inc.
  • Otto Fuchs KG
  • Nippon Steel

Top Two Companies with Highest Market Share:

  • Pacific Precision Forging: Pacific Precision Forging specializes in high-strength steel and aluminum components for automotive and aerospace applications. In 2024, the company produced over 1.2 million metric tons of forged components, focusing on precision and lightweight alloys. Advanced automation lines increased operational efficiency by 15%, contributing to a 12% reduction in defect rates.
  • AVIC Heavy Machinery: AVIC Heavy Machinery manufactures titanium, steel, and aluminum forgings for aerospace and defense sectors. In 2024, the company produced 850,000 metric tons, focusing on high-performance aerospace components. Robotics-assisted forging lines improved precision by 18%, while lightweight alloy production contributed 22% of total output.

Investment Analysis and Opportunities

The metal forging market offers substantial investment opportunities due to growing automotive, aerospace, and defense demand. In 2024, North America and Europe accounted for over 6 million metric tons of forged components, with steel and non-ferrous materials comprising 75% of production. Advanced forging processes, including CNC-assisted and robotics-assisted lines, represent 28% of production efficiency gains. Emerging markets in Asia-Pacific and the Middle East are projected to add 150,000 new forging units by 2030. Investment in lightweight alloys and titanium forgings for aerospace applications offers over 18% new revenue potential. Expansion into Industry 4.0-enabled smart manufacturing systems can improve defect detection by 12% and reduce material waste by 10%.

New Product Development

New product development focuses on lightweight alloys, precision forging, and smart manufacturing integration. In 2024, over 22% of new launches incorporated non-ferrous materials, including aluminum and titanium, enhancing strength-to-weight ratios. CNC-assisted and robotics-assisted forging lines, representing 15% of production, improved efficiency and reduced defects by 12%. Automotive and aerospace components accounted for 65% of new product launches. Eco-friendly processes, including energy-efficient furnaces, contributed to 20% of new initiatives. Market research indicates lightweight forged components in aerospace and defense are projected to reach 750,000 metric tons by 2030.

Five Recent Developments

  • Precision Castparts Corp. expanded its CNC-assisted forging operations in the USA, producing over 1 million metric tons of precision components.
  • Aubert & Duval (Eramet) introduced eco-friendly steel forgings in Europe, reducing energy consumption by 12%.
  • AVIC Heavy Machinery launched 150,000 metric tons of titanium forgings for aerospace applications in China, contributing to 22% of new product output.
  • In 2024, Pacific Precision Forging implemented robotics-assisted forging lines in North America, increasing production efficiency by 15%.
  • Wanxiang Qianchao launched aluminum forgings for lightweight automotive applications, representing 18% of their 2024 production portfolio.

Report Coverage of Metal Forging Market

The metal forging market report provides a comprehensive analysis of global and regional trends, production, consumption, and future growth opportunities. Between 2024 and 2033, North America’s production is projected to increase from 2.8 million to 3.6 million metric tons, while Europe will rise from 3.1 million to 4 million metric tons. Steel forgings continue to dominate with 40% of market share, while non-ferrous alloys, including titanium and aluminum, represent 18–22% of growth. Emerging markets in Asia-Pacific and the Middle East are expected to add over 150,000 new forging units by 2030, driving demand for automotive, aerospace, and defense applications.

Metal Forging Market Report Coverage

REPORT COVERAGE DETAILS

Market Size Value In

USD 93459.3 Million in 2026

Market Size Value By

USD 151700 Million by 2035

Growth Rate

CAGR of 5.53% from 2026-2035

Forecast Period

2026 - 2035

Base Year

2025

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

By Type :

  • Steel
  • Iron
  • Aluminium Drop Forging
  • Magnesium
  • Titanium
  • Others

By Application :

  • Automotive
  • Defense and Aerospace
  • Shipbuilding
  • Power Industry
  • Oil and Gas
  • Others

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Frequently Asked Questions

The global Metal Forging Market is expected to reach USD 151707.08 Million by 2035.

The Metal Forging Market is expected to exhibit a CAGR of 5.53% by 2035.

Pacific Precision Forging,AVIC Heavy Machinery,Aubert & Duval (Eramet),Precision Castparts Corp. (Berkshire Hathaway),Wanxiang Qianchao,Vallourec SA,Thyssenkrupp,Aichi Steel,FRISA,Howmet Aerospace Inc.,Otto Fuchs KG,Nippon Steel,Mahindra CIE Automotive Limited,FAW,Longcheng Precision Forging,Bharat Forge,KOBELCO,Allegheny Technologies Incorporated (ATI),American Axle and Manufacturing (AAM),VSMPO-AVISMA,Farinia Group,Jinma Industrial Group are top companes of Metal Forging Market.

In 2026, the Metal Forging Market value stood at USD 93459.3 Million.

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